WAUKESHA COUNTY Waukesha, Wisconsin

WAUKESHA COUNTY, WISCONSINSTATEMENT OF NET ASSETS - ALL PROPRIETARY FUNDSDecember 31, 2010ASSETSCurrent assets:Cash and investments 3,334,865AirportGovernmentalOperations/ Other Activities -Development Enterprise Total Internal ServiceFund Funds Funds$ $ 14,705,965 $ 18,040,830 $ 16,865,182Receivables:Property taxes levied for ensuing year's budget 192,563 - 192,563 399,872Accounts - 76,632 76,632 409,913Total receivables 192,563 76,632 269,195 809,785Due from other governments - 35,420 35,420 96,693Prepaid items - - - 257,011Inventories - 152,055 152,055 422,244Total current assets 3,527,428 14,970,072 18,497,500 18,450,915Noncurrent assets:Advances to other funds - 4,461,609 4,461,609 -Restricted cash and investments - - - 500,000Deposit in WMMIC - - - 2,459,264Capital assets:Construction in progress 18,806 - 18,806 424,954Land 8,049,032 2,239,715 10,288,747 -Buildings 6,550,103 11,026,610 17,576,713 4,122,283Improvements other than buildings 15,207,627 3,009,515 18,217,142 22,089Machinery and equipment 716,168 8,305,787 9,021,955 12,227,188Vehicles - - - 11,858,029Less accumulated depreciation (13,176,438) (14,413,366) (27,589,804) (15,113,424)Total capital assets (net of accumulated depreciation) 17,365,298 10,168,261 27,533,559 13,541,119Total noncurrent assets 17,365,298 14,629,870 31,995,168 16,500,383Total assets $ 20,892,726 $ 29,599,942 $ 50,492,668 $ 34,951,298LIABILITIESCurrent liabilities:Accounts payable $ 85,158 $ 94,295 $ 179,453 $ 1,073,668Accrued compensation 13,782 48,103 61,885 247,544Other liabilities 51,043 9,661 60,704 75,174Claims payable - current - - - 2,605,376Deferred property tax revenue 192,563 - 192,563 399,872Other unearned revenue - 852,782 852,782 -Total current liabilities 342,546 1,004,841 1,347,387 4,401,634Noncurrent liabilities:Advances from other funds - 2,101,593 2,101,593 -Claims payable - - - 2,482,435Total noncurrent liabilities - 2,101,593 2,101,593 2,482,435Total liabilities $ 342,546 $ 3,106,434 $ 3,448,980 $ 6,884,069NET ASSETSInvested in capital assets $ 17,365,298 $ 10,168,261 $ 27,533,559 $ 13,541,119Restricted for deposit in WMMIC - - - 2,459,264Unrestricted 3,184,882 16,325,247 19,510,129 12,066,846Total net assets $ 20,550,180 $ 26,493,508 47,043,688 $ 28,067,229Adjustment to reflect the consolidation of internal service fund activities related to enterprise funds (900,650)Net Assets of Business-type Activities $ 46,143,038See notes to financial statements.Business-type Activities -Enterprise Funds36